Many consumers look to solar only for self-consumption or a means to go off-grid. But new report says “shared solar” will bring solar PV to 100% of homes and businesses, including renters, high rise apartments and offices. It just needs a change of rules.
HSBC says renewables and energy efficiency critical to meet climate targets, but says wind and solar are now at “pinch point” as technology cost falls allow hard economics to take over from policies driven by “green idealism.”
Latest Global Climate Index shows nearly half of world’s biggest investment funds – some in Australia – failing to protect portfolios from climate change.
New report by UBS says rate of closure of coal and gas plants in Europe is accelerating. Soon enough, nearly half of the fossil fuel plants will not be generating enough cash to stay open. That might require a new fossil fuel subsidy to keep the lights on as the transition accelerates.
In the Orwellian world of the Abbott government, coal is good, wind is bad; a cut in renewables is not a cut but an increase; and spending 1/4 of its carbon budget on just 15% of its target is not so much a failure as a resounding success and a blueprint for the world to follow.
Fossil fuel companies should be factoring in the risk of a climate change-driven ‘black swan event’ – such as the sudden and complete transformation of the global energy market, or a decision to cap global emissions – as part of their basic business strategy, a new report has found.
Battery storage is already economic in some parts of the grid. That may also be the case for household and business consumers in Australia’s towns and cities.
Coal, the favourite commodity of Prime Minister Tony Abbott, is having a bad week. A new report says 90 per cent of Australia’s reserves should stay in the ground if climate targets are to be met.